After a brutal October, Canaccord’s Chief Market Strategist Tony Dwyer sees three potential catalysts to return some much needed optimism to the markets: 1) Getting through the midterm elections (which always creates uncertainty), 2) Progress made over trade talks with China, and 3) A sense that the Fed may take its foot of the brakes with rate increases.

Dwyer believes excessive optimism over the course of this year, and investor complacency, created an environment ripe for an increase in volatility. But just as that market was overbought, Dwyer now believes investor sentiment has turned overly pessimistic, causing the market to be oversold.


Jeffrey Viksjo, CFA

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